Best Groups for Business Networking You Should Join in India

Best Groups for Business Networking You Should Join in India

As a business-minded person, we always look for some opportunity to do business with or to make customers or to do business deals with others, etc. but sometimes you may not able to find proper people. In business networking one can say that the structure is like help each other and grow together but some people have big misunderstandings like you will be making direct sales, you will able to get qualified leads for business, also in such groups competitions for the same services that your business is giving, etc.

The reality is business networking group helps you to grow on a long term basis, provides you other professional contacts, they give the opportunity to establish a trust among all group members, give you the all kinds of knowledge on [latest trends, current position of market etc.], gives you opportunity to introduce your business with others. In short, you will share your business cards, you will discuss with group members, share your knowledge, will give advice on small-small things, value-added discussion among group members, and meet different people every time you visit. You will get to learn the experiences of others their stories and challenges and how they overcome them, you may find mentor for yourself and for business growth.

If are in India or you want to do business networking in India, then let’s find out the business networking group or join a business networking group in India.

1] The BNI – Business Networking International

BNI is the largest networking group in the world. For India it’s BNI India. One of the biggest advantages of this group is you contact anyone from around the world, from around the country respectively. You have to spend a day every     week with BNI group. The joining cost may differ from country to country. This group is kind of that you are doing real investment for your business and it’s worth joining this group. You will get several benefits like learning, professional and personal contacts, motivation, mentors and the focused mindset people.

2] IMC – Indian Merchant Chambers

The IMC is one of the legendary organizations which help you to identify the business opportunity across the country. The IMC is a primary chamber of trade and commerce industries in India. The biggest advantage is opportunity for networking global trade and commerce industry and making India strong economic nation worldwide.

3] Rotary International

The rotary international is a worldwide service organization with the goal to do the business together and provide the public services on goodwill. They will guide you on each and every step when you are a part of this group. All the members of this group are known for ‘Rotarians’ and usually they work on principles. The group is open to all types of people who also have to meet once on a weekly basis.

These are the best business networking groups in India. In addition to that, you will find more local groups in India state and city wise also.  

- By PuiSSance We Team 

Everything about Business Myths No. 1: “The Customer is Always Right”

Everything about Business Myths No. 1: “The

 Customer is Always Right”

Popularly known business myth “The Customer is Always Right” Is really the customer always right? Being a business person or owning a business you always came across the various customer base. You may get an opportunity to understand what is the nature of the particular type of a customer but in this world of giving and take you might know the very popular phrase.   Correct! You guessed right. Let’s discuss one by one aspect of this phrase.

The statement “The Customer is Always Right” is a very popular statement and popularized by successful merchant Harry Gordon Selfridge. This statement has various versions. The legal law says – let the buyer beware, the hotelier from Switzerland stated - the customer is never wrong, in Germany people say- the customer is the King and in Japan people say- the customer is God. These all statement has a hidden and coon meaning which is any retailer or service provider or self-professional or business organization should always give priority to customer satisfaction and their requirements. One can say that these statements are the motto or slogan for all customer bases around the world.

The real reason behind this giving so much of import ants to the customer group is because of this customer the retailer or service provider or self-professional or business organization make money, they able to understand the current trend which is going on, also they are always able to improve the standard of customer service and sometimes customer has more knowledge then a retailer or service provider or self-professional or business organization.

Now things have changed. We all need to accept the change as time changes. You might have experience as time change we all need to adapt new things, routines, habits or one can say lifestyle. So, the customer also changed. Now the customer takes all facilities for granted by saying all those statements. They try to teach or try to dominate the retailer or service provider or self-professional or business organization in order to fulfill their requirements without any understanding of the worth of any product or services. Such types of customers think that all these retailers or service providers or self-professional or business organizations depend on us they should do what we are saying. Such type of case you can easily found in hospitality industry. Please note that such types of customers do not come always, but the numbers of such customers are increasing nowadays and yes don’t’ think all customers are the same.

If you are thinking from the knowledge point of view then the knowledge is at the fingertip of everybody because of digital India so, on one has the option to blame anyone neither customer nor retailer or service provider or self-professional or business organization. Often this thing doesn’t happen, but sometimes such situations occur because of miscommunications. One can easily conclude that “The Customer is Always Right” is a myth. Customers can be wrong and service providers can be wrong because we all are humans and we all know humans do mistakes but specifically for customers if you can show them the real meaning of consumer rights then it will not create any problem. 

- By PuiSSance We Team  

Top 4 Major Reasons: Why Small Business or Startup Business Fails

Top 4 Major Reasons: Why Small Business or Startup Business Fails

Nowadays we live in the 20^th century. Till now So, many changes have occurred in our economy.  The overall economic condition of the counter also has been changed. To run a country or to run an organization your economic conditions should be strong and positive, with respect to that, the structure of the economy and market also has been changed. Similarly the business model also has been changed. Now I think you can easily make out the real reasons for failing small business or startup businesses are also has been changed.

If you analyzed from past years the structure of business model and the market position you will find that, people are seeking business opportunities always like you never imagine such as people may do business in these ways for example earlier the fruits shop vendor was selling the fruit as it is but now they are selling slices of fruits, you get easily available chopped vegetables, small business from home(Homemade breakfast, lunch, dinner, cakes, chocolate, all other food category stuff, reselling of other household things, etc. ), the freelancer work for  developer, designer, photographer, chef, etc. , professional organization, professional people. Now you can again make out if you need any particular service for you and you searched in the market you get lot of same service providers. Then it becomes more difficult to keep trust.

When you do a business or customer interaction the trust factor is the main key to running a business smoothly including the cash flow. So, very first reason is Saturation.  Saturation is the biggest reason which will slow down your business process and if same situation for long then you may find yourself winding up your business. For example You opened an IT Organization providing the services of web development but in the market you will find thousands of companies providing the same services. Also if you think as customer, they may get different quotations for the same requirement. Then customer starts comparing and most recent research found that they will take service from where they think we can easily rely on them. So, the same the trust factor plays very important role.

 

Another reason is the strategy. Most business owners fail to make a proper execution plan or the system they work. If your business is taking required modification as per the market and economic conditions then you don’t have to worry. In reality if you don’t have planes then it’s very difficult to sustain your business and end result will be you have to shut down your business. You can prevent this situation by creating versatile and dynamic strategy for your business as per the current market situation, economic condition of the country and with latest trends.

Another reason is ignoring the behavior of the customers. In almost every business we keep in mind that customer is a ‘God’ or ‘Boss’ and always give them a royal treatment. If you don’t understand their demands then it’s a big problem. For example: if you have an electronics goods shop, one customer came and asked for a mobile phone having latest features. You show them a mobile phone with satisfying his/her requirement including the cost and also giving the option for negotiation for the amount. But simultaneously customer is also searching same mobile on online selling sites. He/she finds some better options online and buys from that particular site. So, the shop does not have sale in this particular case. Here you may have to consider the behavior like age group, gender, working style, etc.

The most important reason is doing business for short term money or taking instant lot of money from customers. As a business person you might be facing lot of financial pressure, pending dues from other suppliers, etc.  In such cases your one side of mind may think that, make a customer fool to get money or to get first order you also agree to give the services which your business is not having that particular service for the purpose of not losing the customer. If you do so, this will not run for a long time. Because customer is not willing to trust you. You may do this several times with new customers or repeated customers but one day customers will know what you are doing then they will not come to take your service. Now a day in this smart revolution customers is also becoming smart.   So, Plan properly the marketing & selling strategy from professional Management Consultant.

If you thinking why need Management Consultant Please read here.     

- By PuiSSance We Team.  

Planning to run a business like Lounge, Bars & Pub….Sure why Not?

Planning to run a business like Lounge, Bars & Pub….Sure why Not?

Now if we consider the current situation of the market you will find people of running multiple businesses. In some of the business categories, you can’t find the effect of recession is considered which food and clothing industry is. Running a business like a restaurant, hotel, lounge, bars, and the pub is not simple. This type of industry needs both physical and mental work in a balanced way including the good quality food and the management and working team of respected Restaurant, hotels, lounge, bars, and pubs. One thing you keep in mind that these lounge, bars, and pubs are under the category of high-risk business.

Running a lounge, bars, and pubs required enormous amount of commitment, disciplined, proper management of the working structure and the system. This type of business is of having big responsibility because you’re dealing with the liquor and other alcoholic beverages. Before you start selling alcoholic beverages you need to take proper permissions from government, required licenses, necessary rules and regulations, and the eligibility criteria. One should have the proper knowledge and most important you need to train your working staff because again alcohol is a big responsibility. If you don’t follow the proper rules this alcohol can create big problems for you.

As a common person or as a customer you will never ever know the details of his business on how they run. A  lounge, bars, and pubs are considered as a cool place for hangout. People come together to relax, enjoy and socialize. If you are wondering how India’s nightlife is.......read this. So, in order to maintain such customer base, class of customer base, the other small business like new arrivals of alcoholic beverages, the interior of the place, Sound system and many other things you need to take care of all of them. When you visit any of this lounge, bars, and pubs you never get a feeling that you are in some local hotel, local cafe. They have their own different structures in food industry.

In order to run the lounge, bars, and pubs successfully. You need to work on all small minor to major things of this high-risk business. If neglect your business can collapse in no time.  Things like location, locality, quality, area, easy-going to respected place, the behavior of staff member with customers, versatility in speaking of language, investment of money, etc. all this does matters a lot when you plan to do business like lounge, bars, and pubs.   

- By PuiSSance We Team

Top Biggest Common Small Business Startup Mistakes to Avoid

Top Biggest Common Small Business Startup Mistakes to Avoid

In today’s world of economy and business markets the model of business is changed as time and generation changes, therefore, the business opportunities are also increased in form of freelancer, on hourly basis, part-time, full time and the micro, small, medium and large enterprises, etc.  In order to start the business, you need a lot of desire, a focused mindset, willing to make all efforts to accomplish the goal.  If you are one of them who wants to own a business or start the business on his/her own then you should really take care of some of these common biggest mistakes that possibly one can do while starting a business. Let’s list out what might be the mistakes are:

• Not Having Motto Or Goal For A Business
• No Proper Planning of a business
• Not Doing Market Research
• Not Able To Manage Staff
• No Financial Budgeting
• Note Taking Help From Management Consultants
• Waiting For Investments Or Someone To Invest
• Starting A Business With Off Track Niche
• Lowering Your Business Cost
• Not Doing Constructive Marketing
• Not Doing Proper Legal Documentation Of A Business

Not having a motto or goal for a business

If your business-level is at a startup then please write it down your end of a business, generating money from a business is not a goal. As a business professional you do work hard and earn money. So, set such a goal that will bring the change in economy and will last for a longer time. If you didn’t plan then you will not have a direction on how to take forward steps for your business and you will get confused and always surround by the question in your mind with this you will feel like your now in a trap and there are no solutions for this, but such cases do take help from the one who has proper and correct knowledge like management consultants or strategist. 

No proper planning of a business

Before you come under the category of startup level in your mind you have lots of ideas. In order to convert those ideas, in reality, you need to put lot efforts and hard work, but it did everything without proper planning then it will be like we just work hard without getting nothing. If we do planning or discussions with management consultants. One can get an overall idea n how to execute the idea and how to get return on investment in a systematic way.

Not doing market research

Now in the market, there are so many business ideas are out there. Such ideas ware people get influenced within a seconds and start doing actions to execute that idea, but some of business principle is sustainability. So, in order to get desired result we need to keep on doing hard work patiently and if we didn’t then we tend to close the business setup. To avoid that market research is very important. You get to know current market status, what market is looking for and other consumer requirements etc.  For that you need to have proper people who will help you out in this and you can rely on it.

Not able to manage staff

Every startup owner or founder has created an imaginary vision while starting a business. The vision is like they will get good team members and they will get control over those team members easily and will get work done from them. In reality Itis very difficult to find good people and experienced people initially. You need to take people like similar mindset people so that, they are ready to survive without money in tough times of the company and will not leave you or owner or founder or management alone. Like you when you start business keep in mind your income will not flow early it will take time like a year or 2-3 years to get going. So be prepared for those situations. Never lose hope. Keep on trying even those it very difficult. Once you face this kind of challenge and came out successfully you will become unstoppable.

No Financial Budgeting

Now you finally open the company with all positivity and desired having required investment of money or your savings money. So, the initial six months you did properly spend money on office expenses, salaries of all employees, etc. and then suddenly you will find yourself in big depth. During this whole process, you will never know how much money you spend and when your tough time comes then you might not having the money that will help you to retain your business productivity. So, financial budgeting is very important. Please be careful while spending money on expenses. Get help from proper professional financial advisors.  

Note Taking Help from Management Consultants

In our human body, our heart is main and import part similarly in every business whether it is small or larger the management is a very important part of the organization. In India, we have seen mostly founder or owner think him/herself as they know everything and with what little knowledge they try to make the system without any proper knowledge which indirectly affects their working productivity.  So, without wasting time do take advice from management consultants which will lift up your business by doing smart work.

Waiting for Investments Or Someone To Invest

There are people who themselves don’t work hard for their own business, but someone else should work hard and do I for them. So, practically his does not happen. So people ask them to invest and work together. Most importantly one person can’t run a business it needs a group of people and we need to help each other and grow together.

Starting a Business with Off-Track Niche

There are people who act like someone else is doing so, I will do the same. In business, this doesn’t work. In this process, people might choose the niche without thinking and research work we called it homework.  So, sometimes this kind of chosen field might not be grateful to you. You need to think properly while choosing the business field. In these situations the management consultant will help you out.     

Lowering Your Business Cost

As a business person one thing you should keep in mind that, you should not lower down the product cost or services cost. In order to get more clients or customers. Please do proper research before taking any decision.

Not Doing Constructive Marketing

One thing keeps in your mind. Companies good time or bad time never lose marketing. Keep on doing the marketing.

Not Doing Proper Legal Documentations of a Business

Once you take the decision of starting a new company or starting a new business. Be sure that you register yourself properly in the law of government of India so that you can get reliability. Clients can rely on you without any doubt. 

- By PuiSSance We 

Management Consulting in Firms or Organizations Strategy

Management Consulting in Firms or Organizations Strategy

Each and every business has one goal or mission that will bring the change and this change is acceptable by universe. In order to achieve this the management of the organization need to make several futuristic and practical strategies. Without this strategy planning you will not able to do the constructive work towards your goal. These strategies will help you to find some directions and will keep you focused, regardless of your business nature, your business-level like micro, small, medium or big enterprises. So, to make a strategy to achieve desired long term goals is becoming a necessity nowadays.

So, basically, the organization strategy or strategy consulting is for the people of management and upper management people or for the CEO & Founder, Director. These kinds of strategies are futuristic bigger picture of all organizations also, these strategies we need to keep dynamic because business itself is dynamic thing you will never know what will happen next. So, these strategies mostly help you with this type of all situations, here very important role is played by management consultant. With this help from management consultancy firm one can create a dynamic strategy for own organization or make changes as per the current market needed in order to be the part of business.

Strategy planning is kind of a road map of your company. Which will tell you from where your company or the business journey started and what will be including all obstacles, twists, and turns, ups & downs on your way of goal or mission or the change that you want to see in the future. Most importantly by making the strategy you will find yourself growing as well as you can start improving also, you can set new goals for a company.

So, basically, the people of management consultancy people are very knowledgeable and talented. They have all kinds of knowledge about business sectors as well as they always working on variety of strategies. Management Consultants surely help you out with all your problems and also will give you the best practical strategy to boost your business or to achieve your desired goal. If you think why anyone needs the management consultancy people please read here 

- by PuiSSance We Team

Pubs, Bars, Lounge are Really Rising Faster than Cafes in India

Pubs, Bars, Lounge are Really Rising Faster than Cafes in India

You can see drastic growth of pubs, bars and lounge are opened in throughout India especially Mumbai, Delhi, Bangalore, Pune and Hyderabad states from past years. Also you can observe the growth of Food & Beverage industry nowadays and the growth of local cafes or other common cafes is now stopped.

For this situation to occur in the today’s market there might be several reasons like one is the young youth of this country is now more attracted to western culture in order to become developed country and other is the working structure of upcoming, existing BPO & IT sector industries and their ideas toward enjoying life, but it’s individual choice how to live life.

You, yourself can make out that, these pubs, bars, lounge now become the common and cool hangout place for all categories like cheap, middle class and higher class people. Also, for business people or they want to entertain the international client. The main reason is the people who come to such places always mind their own business. Also, another factor is some of  IT & BPO working sector people spend their money and time in pubs, bars, and liquor serving lounge after office hours for the reason of relaxation, also the coffee is replaced by beer, alcoholic beverage, and other  liquor options even if  they cost high with enjoying dance & music nowadays!

This Food & Beverage industry is also changing with time and latest trends, with respect to these current trends, people also like the places where food, as well as the liquor option, is also available. This concept of bar is now increasing like anything, all the restaurants are now converted to the structure call Pub and Lounge.   

This overall implies to one kind of experiencing or enjoying the nightlife. Mostly from age group 18-40 people are attracted to this concept. Through this concept this business of beers and other liquor brands are now increased in India. Studies found that in India per person consumes 1.5 liters to the average of the world’s consumption of 22 liter. Also, as compared to cafes, the growth of pubs, bars, and Lounges are increased 23 percent.  

- By PuiSSance We Team.